Course11010508240 lectures
Decision Modeling
Prof. Biswajit Mahanty · IIT Kharagpur
About
Decision Modeling is an important component of Operations Research. With the advent of globalization, only those industries survive who would be able make effective decisions. Out of the vast coverage of decision models, this course focuses on decision analysis, waiting line or queuing models, simulation models, and network models. This course will be of immense value not only for the people working in manufacturing or service industry but also to undergraduate and postgraduate students of all fields of engineering and management.
Intended audience: Students from Bachelors in EngineeringMasters in Business AdministrationMasters in EconomicsMasters in Industrial EngineeringMasters in Operations Research/Operations ManagementPhD in related fields
Prerequisites: Basic Probability and StatisticsBasic Operations Research
Lectures
Week 1
- Lecture 1 : Decision Analysis : Introduction
- Lecture 2 : Payoff Matrix
- Lecture 3 : Decision Making Under Risk
- Lecture 4 : Value of Information
- Lecture 5 : Probability Concepts
Week 2
- Lecture 6 : Bayes Theorem
- Lecture 7 : Decision Tree
- Lecture 8 : Decision Problem with Experimentation
- Lecture 9 : Decision Problem with Experimentation (Contd.)
- Lecture 10 : Decision Problem Example
Week 3
- Lecture 11 : Introduction to Waiting Lines
- Lecture 12 : Poisson and Exponential Distribution
- Lecture 13 : Birth and Death Process
- Lecture 14 : M/M/1 Queuing Model
- Lecture 15 : Queuing Examples
Week 4
- Lecture 16 : Queuing Examples (Contd.)
- Lecture 17 : M/D/1 and M/M/s Queuing Models
- Lecture 18 : M/M/s and M/M/infinity Models
- Lecture 19 : Finite Queue Space and Queuing Cost Models
- Lecture 20 : Queuing Cost, Priority and Networking Models
Week 5
- Lecture 21 : Introduction to Simulation
- Lecture 22 : Discrete-Event and Monte-Carlo Simulation
- Lecture 23 : Pseudorandom Numbers
- Lecture 24 : Simulation Examples
- Lecture 25 : Generation of Random Variates
Week 6
- Lecture 26 : Simulation Examples (Contd.)
- Lecture 27 : Monte-Carlo Simulation and Output Analysis
- Lecture 28 : Variance Reduction and Simulation Software
- Lecture 29 : Continuous Simulation and System Dynamics
- Lecture 30 : System Dynamics Example
Week 7
- Lecture 31 : Introduction to Graph Theory
- Lecture 32 : Introduction (Contd.)
- Lecture 33 : Operations on a Graph, Tree and Spanning Tree
- Lecture 34 : Minimal Spanning Tree
- Lecture 35 : Cutsets
Week 8
Syllabus and materials
At NPTEL, as the course publishes them.
Credits and licence
- Institution
- IIT Kharagpur
- Department
- Management
- Teacher
- Prof. Biswajit Mahanty
- Level
- Undergraduate
- Language
- English
- Subjects
- Business and management
- Source
- NPTEL
- Licence
- CC BY-NC-SA, as NPTEL states it. Non-commercial use only. NPTEL's terms
- Attribution
- NPTEL states: "Distributed under Creative Commons Attribution-ShareAlike / CC BY - NC - SA", beside a BY-NC-SA badge.
- Who can watch
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